Does full-fibre broadband affect your home’s value?
As many more households become more and more reliant on great broadband, studies have shown an increase in house value for properties with fast internet speeds.
During the best part of 2020 and 2021, the UK was hit with a number of lockdowns that completely changed the online needs of so many people. From working from home to online food shopping, the demand for better broadband has increased.
With the new wave of home buyers and renters comes fast broadband towards the top of their checklist. If your broadband gives a challenging online experience, then it’s worth looking at an alternative option before deciding to sell or take on new tenants. It’s likely to boost your house value and renter value considerably.
How much value does it add?
One interesting thing to come out of the report was that broadband speed increases have actually increased the average house price in affected areas by up to £3,500.
What is Broadband?
Broadband is a type of internet connection which gives you access to the internet via a wired or wireless connection.
What are the different types of broadband?
There are a vast variety of broadband types to choose from, however depending on where you live you may only have access to certain types of broadband. There are 4 different types of broadband that you could explore, FTTP, FTTC, ADSL and Cable broadband.
What is the best broadband?
If you’re looking for the ultimate broadband that will increase your house value then FTTP broadband offers the fastest speeds and the most reliability. The ultrafast speed provided by FTTP broadband is perfect for anyone who needs a steady and speedy internet connection.
At Truespeed we have packages to suit everyone’s online needs. From individual user packages such as our 150Mbps package to our multi-user packages such as our 300Mbps and our 600Mbps package, there’s something for everyone. Even for our heavy data usage households we have our whopping 900Mbps package. Our built-for-the-future technology is perfect for anyone looking to sell their property. Our packages make it super easy for customers to switch between speeds depending on their online needs. If for example, you don’t need the fastest speed then you can opt for one of our smaller packages. However, for house buyers viewing your property, they can easily switch to a higher package depending on their online needs.
Value for money broadband
As many people are shifting to working from home or hybrid working there is a bigger demand for guaranteed speeds and great reliability. Installing ultrafast broadband in your home not only gives you access to the very best speeds but also increases your house value for when you come to sell.
Truespeed’s ultrafast broadband is future-proofed so you’re set for life. We build our network so we can increase the speed of your connection remotely. As years go by and technology improves, we won’t need to dig up roads to increase your broadband speed. Once it’s there, you’ll have a connection that moves with the time forever.
If you’re thinking of selling your home, it’s important to review what broadband speed your property can get. Access to fast broadband is now one of the key selling points that buyers look for. For some people, even having the home luxuries of a bath or garden have now been overtaken by fast broadband.
In previous years studies have shown the main reason people needed fast broadband speeds was predominantly around watching streaming services such as Netflix and Amazon Prime. Now that so many people work from home or have adopted hybrid working, the demand for better broadband at home has increased hugely.
Not only working from home but also smaller everyday activities such as doing a food shop or shopping for clothes and shoes is now predominantly done online.